Yes, the Novogratz fund, it will be one of the largest crypto funds in the space.

I think it will probably help reign in some of the volatility yes, it will provide some sellers on the way up and ensure buyers on the way down. Not bad things in my opinion.

I see your point about defeating the purpose, but I think this was always coming. Anyone who thought bitcoin was going to make governments irrelevant was dreaming.

At some point decentralized money might take over, but we are a long ways from that happening. The best thing for that is getting bitcoin and bitcoin like investments in as many hands as possible. At least in my opinion.